Compa-Ratio
Compa-ratio is calculated as the employee’s current salary divided by the current market rate as defined by the company’s competitive…
COMPENSATION MANAGEMENT: WAGE PAYMENT SYSTEMS
COMPENSATION MANAGEMENT: WAGE PAYMENT SYSTEMS TIME RATE OR TIME WAGE SYSTEM Time Rate or Time Wage System is the most…
Identify and Manage Pay Inequities
Know your jobs. Another thing to keep in mind in getting reliable market data is to appropriately benchmark your jobs.…
Basics of Job Evaluation
In job evaluation the jobs are ranked on the basis of their relative importance and not the job holders. They…